Not really related to Ul'dah, but since we're talking about potentially RP-changing 2.4 content,
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I just finished the first few quests after Shiva and...turns out, Aymeric's second in command is not of Ishgardian descent. It's a bit of a different story because she's a proper Hyur, but it hints that Ryoko's whole "black sheep" background may not have quite as much merit as I'd thought. If an outsider can rise to the position of Second Temple Knight, I feel like their xenophobia may not be so strong that they'd actually alienate one of their own for being the wrong race. At least not all of them.
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Also, pertaining to Ul'dah,I think dissolving the monarchy, by choice of the monarchy, is an unfortunate step. I believe full well that Ul'dah should be a republic, but doing it in this manner gives the people nothing to unite around. It should be forged in blood and fire, when the people have grown so weary of the syndicate that they rise up against their masters, and take their freedom by the sword!